CIC to expand team amid huge push into alternatives

China Investment Corporation will strengthen its investment capabilities in light of the relatively limited availability of private market managers, said Li Keping, the sovereign wealth fund's senior adviser and former chief investment officer. His comments to AsianInvestor came shortly before it emerged that CIC would be making a huge increase in its already-large exposure to alternative assets, from around a third of its total allocation to more than half. This rise in exposur…